4 ms·
Not true, there is an exception for income under 80k/year. Over that person can operate via LLC with dividends etc. Most people renounce because it is difficult
by throw737858 5y ago
Not true, there is an exception for income under 80k/year. Over that person can operate via LLC with dividends etc. Most people renounce because it is difficult and frustrating to deal with US tax system.
- aww_dang 5y agoSelf employment and social security will still take 15%